China says banking system liquidity in the country "remains ample" and notes that June M2 growth...

China says banking system liquidity in the country "remains ample" and notes that June M2 growth of 14% is close to "the full-year target of 13%." In an effort to allay concerns about a cash crunch, the PBOC said Sunday it will "use a mix of price and quantitative policy tools to adjust liquidity in the banking system" in order to ensure prudent "growth in money, credit and social financing."